Softbank backed blockchain infrastructure provider Cryptobitixy in a $66 million round

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Crypto Regulation
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CryptoBitixy announced it has raised $66 million in a new funding round. It was led by SoftBank through Vision Fund 2 and GGV Capital.

INCE Capital, 10T Fund, SNZ Holding and A&T Capital participated in the round.

The team will use the funds raised to expand and scale the project. Specifically, the vendor plans to increase staffing, expand into new markets and enter into new partnerships.

"Our vision is to provide a robust and easy-to-use Web 3.0 environment to create a more transparent and intelligent world. We intend to facilitate the rapid and global adoption of decentralized applications," said the firm's CEO.

CryptoBitixy raised $33 million in a Series B round. The total funding has exceeded $100 million since the company's inception, according to the press release.

CryptoBitixy operates on a platform-as-a-service (PaaS) basis. The infrastructure is built on artificial intelligence, and the company's customers include Binance, Coinlist, BitGo, OKX, Chainlink, Polygon and others.

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Andrew Griffin

Andrew Griffin is a cryptocurrency journalist with over 3,000 articles under his belt. He is passionate about cryptocurrencies, digital rights, information technology and futurology — the things that he likes to cover the most. Andrew previously reported for Cointelegraph and Benzinga.